Income Tax and Formulas Questions
and Answers 2025-2026 Updated.
Income Tax Model - Answer Gross income - deductions = AGI - standard/itemized deduction
- exemptions = taxable income x tax rates = tax liability - credits and payments - amounts owed
Single - Answer Unmarried/legally separated or divorced and do not qualify for another filing
status
Married Filing Jointly - Answer husband/wife - less combined tax when filed together
Married filing separately - Answer only helps under certain situations (high medical bills)
Surviving spouse/Qualifying Widow - Answer Joint rates apply for 2 years following the death
of one spouse maintain a household of a dependent child
Filing status is.. - Answer used to determine the amount of tax per tax rate schedule and has
an impact on the amount of standard deduction
Exemptions - Answer a small amount of your income ($4050) should be exempt from income
tax
Single Standard Deduction - Answer 6300
MFJ Standard Deduction - Answer 12600
MFS Standard Deduction - Answer 6300
HOH Standard Deduction - Answer 9300
SS/QW Standard Deduction - Answer 12600